Kolibri Global Energy (NASDAQ:KGEI – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02, Zacks reports. Kolibri Global Energy had a net margin of 26.87% and a return on equity of 11.10%. The company had revenue of $22.54 million during the quarter, compared to the consensus estimate of $20.86 million.
Here are the key takeaways from Kolibri Global Energy’s conference call:
- Record second-quarter results: Revenue reached $22.5 million, production rose 46% to 4,690 BOE per day, and adjusted EBITDA increased 114% year over year to $16.4 million, despite three wells being shut in for part of the quarter.
- The company completed drilling its three Clifton Mack wells and expects four 2026 wells to support further growth, primarily in the fourth quarter. Management said the shut-in Alicia Renee wells are expected to return without material performance issues and could generate some initial “flush” production.
- Kolibri’s borrowing base increased 15% to $75 million from $65 million, providing additional working-capital flexibility and reflecting the company’s view that the value of its properties is increasing.
- Management is testing the False Caney formation with a first-ever two-mile horizontal well at Lovina 8-5-1 HF. The company sees substantial potential if the oil-saturated interval delivers repeatable flow rates and decline characteristics, but acknowledged that results remain uncertain until completion and production data are available.
- Operating costs rose to $8.90 per BOE from $7.15, driven by workover costs, elevated water hauling and some chemical-cost inflation. Management expects workover costs to subside and water hauling to moderate, but said expenses may remain somewhat above last year’s levels.
Kolibri Global Energy Trading Up 3.0%
Shares of Kolibri Global Energy stock opened at $5.77 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day simple moving average of $5.08 and a two-hundred day simple moving average of $4.97. Kolibri Global Energy has a 1 year low of $3.35 and a 1 year high of $6.61. The company has a market capitalization of $206.33 million, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.77 and a beta of -0.60.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Kolibri Global Energy
Hedge Funds Weigh In On Kolibri Global Energy
Large investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in shares of Kolibri Global Energy by 9.1% during the 4th quarter. Empowered Funds LLC now owns 56,655 shares of the company’s stock worth $223,000 after buying an additional 4,723 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Kolibri Global Energy by 23.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 76,655 shares of the company’s stock valued at $301,000 after buying an additional 14,723 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Kolibri Global Energy by 276.9% in the 4th quarter. Russell Investments Group Ltd. now owns 15,470 shares of the company’s stock valued at $61,000 after acquiring an additional 11,365 shares during the period. Barclays PLC raised its holdings in Kolibri Global Energy by 10.0% in the 4th quarter. Barclays PLC now owns 48,822 shares of the company’s stock valued at $192,000 after acquiring an additional 4,423 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Kolibri Global Energy by 51.9% during the fourth quarter. Wells Fargo & Company MN now owns 33,269 shares of the company’s stock worth $131,000 after acquiring an additional 11,361 shares during the last quarter. 27.26% of the stock is owned by institutional investors.
About Kolibri Global Energy
Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.
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